Accountant, General Ledger Support Analyst


Date: Jan 11, 2023

Location: New York, NY, US

Company: New York Life Insurance Co

Location Designation: Hybrid 



When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.



The position is in the Company’s Finance Controller’s Organization, aiding with the management of New York Life’s SAP General Ledger and Fixed Asset Financial system environment.   This position is responsible for supervising the Finance area’s month end close, production support, governance of master data, system maintenance, system security and end-user training.   The position requires a strong knowledge of SAP Technology, subsystems and NYL business processes.  The candidate will work directly with the business unit contacts throughout the company and with our teams located in New York City/Jersey City and India. The candidate must be highly motivated, organized, detail oriented, and able to multitask.


The candidate must be able to work independently with Finance customers to manage systems support issues as well as continuous improvement efforts. The General Ledger Senior Associate in the will be required to manage workload effectively to balance system support and project work.  This position also requires the ability to support and work within a co-sourced environment.


Position Responsibilities:

  • Assist with managing the Monthly, Quarterly and Annual financial close within the SAP FI GL/FA environment.  This includes opening and closing periods, application or posting rules, determining completeness of process, and assisting in analyzing data.
  • Oversee the monthly Non-Expense Allocation process in ensuring that all company pool balances are cleared timely to Assist in the Management of the NYL close and cash flow process.
  • Provide governance and support of the FI General Ledger master data (Company Codes, Accounts, Profit Centers, Cost Centers, Internal Orders, Products and Fixed Assets).
  • Assist with managing the SAP General Ledger foreign currency revaluation, reclass and recurring entry processes.
  • Work closely with the Finance teams to understand changing business requirements and impact of changes on the SAP GL/FA environment.  Develop and implement effective solutions to meet these needs.
  • Analyze business processes to identify automation or control enhancement opportunities.  Work with business teams and Information Technology to develop solutions in response to these opportunities.
  • Provide production support for SAP FI integration points with other SAP modules (e.g. FA, HR, MM, and AP).
  • Monitor and correct system interfaces from other core business applications to SAP FI.  Gather requirements and oversee the testing of all new interfaces or changes to existing interfaces.
  • Respond to and resolve calls to the GL Support Team. Users may need assistance with existing processes, analyzing data or have requests to expand functionality. 
  • Modify, test, and validate system configuration. Prepare functional specifications. Coordinate and perform system testing to address functional changes, development activities including reports, interfaces, enhancements, support packs of the SAP FI environment.
  • Oversee the PWC/Corp/MARS/SOX Audit Controls



 Position Requirements:

  • This position requires knowledge of the SAP FI modules, with strong knowledge of General Ledger Accounting and Fixed Asset Accounting.  SAP FI knowledge includes an understanding of the below items:
  • Strong working and configuration knowledge of SAP Finance General Ledger and Fixed Asset components.
  • Understanding of the journal entry processing to support the Finance month end and quarterly close.
  • Understanding of the various GL Account /Cost Element settings and related impacts
  • Good understanding of Financial Statement Versions, Cost Centers and Profit Centers, and related Hierarchies.
  • Proven ability to handle multiple priorities, including splitting time between business support and specific projects.
  • Financial Reporting experience in large multi-entity reporting environment.  Ideal candidate should have experience within an insurance company environment with knowledge of both Statutory Accounting Principles (SSAPs), Generally Accepted Accounting Principles (GAAP) and financial statements.
  • Strong interpersonal skills.
  • Excellent problem-solving capabilities
  • Excellent Analytical & Communication skills (Written & Oral).
  • Strong presentation skills to articulate ideas, opinions and solutions to business areas and IT teams.
  • Demonstrate ability to work in teams to provide support and business solutions.
  • Experience in SAP FI GL/FA Technology, configuration, testing, training, and post implementation support.
  • Expert user of Microsoft Suite products as well as experience with reporting tools.
  • Bachelor’s Degree in Accounting, Finance or Computer Related degree with experience or credits in Accounting or Finance preferred.



Salary range: $72,500-$107,500 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 


Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.



Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of

Job Requisition ID: 87610




Nearest Major Market: Manhattan
Nearest Secondary Market: New York City

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